SATS, a Singapore-based airline catering and logistics provider, announced a robust financial performance for the second quarter of fiscal year 2026, posting a net profit of S$78.9 million, representing a 13.3% increase from the previous year. The company's revenue reached S$1.6 billion, supported by strong cargo handling operations as well as ground handling and food services segments.
CEO Kerry Mok emphasized SATS's strategic investments and efficiency improvements, which contributed to the quarter's success. The group's ground handling division, Gateway Services, generated S$1.2 billion in revenue, a 10.7% increase, while its Food Solutions segment grew modestly. Operating profit improved significantly, rising 23.7% to S$157.4 million, reflecting operational gains from increased volume and efficiency. SATS also announced an interim dividend of S$0.02 per share, higher than the previous year's payout.
Looking ahead, SATS is focused on expanding its infrastructure to establish next-generation mega air hubs in Singapore, leveraging technology and innovation to strengthen its role in global connectivity. These efforts aim to bolster Singapore's position as a key logistics and travel hub, supporting future growth and ensuring resilience amid evolving demand patterns.
